ablender
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Post by ablender on Dec 30, 2015 20:17:00 GMT
How do you get 20%?
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Post by drstarter33 on Dec 30, 2015 20:29:33 GMT
only p2p platform where my returns are negative (-6.34%)
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shimself
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Post by shimself on Dec 30, 2015 21:33:36 GMT
According to the dashboard I am at 16.5% gross 14.8% net - which is of course the best return I get on any platform. I have a small autobid and then go heavy on the very few loans I really like (about 80 loans total, but all but 4 are in 2 figures, the big 4 make 60% of the total investment). 3 loans are declared dud, another 8 are rocky. So my advice with REBS is that it does work and very well at that, but spread your funds thinly - and a lot of the borrowers are genuine small businesses who can't get anything out of the banks and who need a break.
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shimself
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Post by shimself on Dec 30, 2015 21:36:22 GMT
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kaya
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Post by kaya on Dec 30, 2015 22:31:30 GMT
On some of the bigger loans, many 20% bids are left in.
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kaya
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Post by kaya on Dec 30, 2015 22:40:18 GMT
According to the dashboard I am at 16.5% gross 14.8% net - which is of course the best return I get on any platform. I have a small autobid and then go heavy on the very few loans I really like (about 80 loans total, but all but 4 are in 2 figures, the big 4 make 60% of the total investment). 3 loans are declared dud, another 8 are rocky. So my advice with REBS is that it does work and very well at that, but spread your funds thinly - and a lot of the borrowers are genuine small businesses who can't get anything out of the banks and who need a break. It would be interesting to know what loans you consider 'safe, can you hint at what ones they are? I like the beer 'corner' tavern one, some security there for what it's worth. Maybe that new arty one too.
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ablender
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Post by ablender on Dec 31, 2015 0:14:53 GMT
Is there much difference between the risk bands in ReBS? How do they compare to FC?
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shimself
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Post by shimself on Dec 31, 2015 10:04:58 GMT
According to the dashboard I am at 16.5% gross 14.8% net - which is of course the best return I get on any platform. I have a small autobid and then go heavy on the very few loans I really like (about 80 loans total, but all but 4 are in 2 figures, the big 4 make 60% of the total investment). 3 loans are declared dud, another 8 are rocky. So my advice with REBS is that it does work and very well at that, but spread your funds thinly - and a lot of the borrowers are genuine small businesses who can't get anything out of the banks and who need a break. It would be interesting to know what loans you consider 'safe, can you hint at what ones they are? I like the beer 'corner' tavern one, some security there for what it's worth. Maybe that new arty one too. real security. My number one favourite is the mushrooms. After that those businesses where I can imagine the business and believe in it (I have worked at managed in and ultimately owned small businesses so I think I have a "nose"), where it's evidently the whole life of the owner and where the loan size is low enough that going bankrupt would not be worth it.
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SteveT
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Post by SteveT on Dec 31, 2015 10:25:56 GMT
Somehow over the Xmas period, ReBS appear to have duplicated a cash withdrawal from my account. My current Dashboard cash balance looks correct (albeit significantly lower than I'd requested!) but only one cash withdrawal appears as a transaction on my account statement, the running balance simply dropping further without explanation or account entry yesterday.
Once again, my faith in ReBS takes a further dive...
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Post by captainconfident on Dec 31, 2015 17:31:13 GMT
Beer corner tavern was the one which prompted me to sign up with REBS and is still by far my biggest bet on the platform. It's the wild West of p2b so I agree with comments above about limiting exposure to all bar those loans in which you feel a bit of expertise.
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Post by betterthanworking on Dec 31, 2015 18:45:13 GMT
On some of the bigger loans, many 20% bids are left in. It's certainly possible to get above 20%. One of my accounts is currently showing c.18% gross, but c.20.5% net. The extra 2.5 comes from "transaction gains/loss" i.e. trading, and "promotional credits" (the 0.25% cash back on all successful primary market bids). Obviously, it's necessary to avoid all losses, by whatever means, to achieve that sort of rate —something that I failed to do with my other account, at 12.2% net.
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Post by petebutt43 on Jan 23, 2016 9:59:36 GMT
ReBS' latest website tweaking seems to have made navigation even slower and flakier, which I actually didn't believe possible. My (early) New Year's resolution is to stop bidding on new auctions and accelerate the extended process of exiting ReBS. I doubt I'll ever be shot of the problem loans but hopefully the rest will sell down steadily. I can then reinvest the cash somewhere it will start earning interest immediately (not 3 to 4 weeks later, maybe, if I'm lucky) and where the user interface isn't like swimming through treacle. My sentiments exactly. I'm currently showing 5 loans which look likely to be partial or total losses out of about 60 investments made. For the reasons cited by others I gave up on them a couple of months ago and am steadily withdrawing my funds and transferring them to other sites which generate immediate returns ( and so far - fingers crossed! - without any defaults!) I must be on a different platform, my overview today is:- Available Funds £ 4.67 ADDTAKE Bids £ 960.00 (Pledged Funds) Investments £ 10,431.92 (Capital Employed) Interest Earnings £ 166.08 See Break Down My Average Return 16.67% Gross Transaction Gain/Loss £ 108.18 (gain) Net of Sales and Purchases Defaults / Bad Debt £99.02 / 0.00 See Break Down Promotional Credits £12.90 See Break Down Fees £0.95 See Break Down My Average Return 16.87% Net If you want to exit a loan just put it up for sale (at a premium, DO NOT sell at a discount!!!). People are buying loans off me at 5% premium after I bought them at a discount. Nowt so queer as folk!!!
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kaya
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Post by kaya on Jan 23, 2016 16:19:53 GMT
Are you on a different planet even? How you manage to buy at a discount and sell at top premium is an entirely alien concept to me! I have a few loan parts that I'd be more than willing to sell you at a modest discount!
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Post by petebutt43 on Jan 23, 2016 17:39:58 GMT
Are you on a different planet even? How you manage to buy at a discount and sell at top premium is an entirely alien concept to me! I have a few loan parts that I'd be more than willing to sell you at a modest discount! Which ones? I am a bit picky about which ones I buy. even at a discount!
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johnfleet
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Post by johnfleet on Jan 24, 2016 17:09:10 GMT
My sentiments exactly. I'm currently showing 5 loans which look likely to be partial or total losses out of about 60 investments made. For the reasons cited by others I gave up on them a couple of months ago and am steadily withdrawing my funds and transferring them to other sites which generate immediate returns ( and so far - fingers crossed! - without any defaults!) I must be on a different platform, my overview today is:- Available Funds £ 4.67 ADDTAKE Bids £ 960.00 (Pledged Funds) Investments £ 10,431.92 (Capital Employed) Interest Earnings £ 166.08 See Break Down My Average Return 16.67% Gross Transaction Gain/Loss £ 108.18 (gain) Net of Sales and Purchases Defaults / Bad Debt £99.02 / 0.00 See Break Down Promotional Credits £12.90 See Break Down Fees £0.95 See Break Down My Average Return 16.87% Net If you want to exit a loan just put it up for sale (at a premium, DO NOT sell at a discount!!!). People are buying loans off me at 5% premium after I bought them at a discount. Nowt so queer as folk!!! Give it time! - I had a similar position to you about a year ago before loans started going bad. My strategy was to invest a max of £300 in any one loan. So when 5 of them turned sour my return plummeted from circa 16 per cent to around 6 per cent. You my have a different experience - I hope that you do but I'm much happier now with SS and Moneything where so far - touch wood there haven't been any defaults...
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